10-Year T-Note futures drop as hawkish Fed officials drive selling pressure. 9/18/26

10-Year T-Note futures traded lower, dropping below the 106 handle to multi-year lows near 105'26. The selling pressure follows a shift toward a more hawkish tone from Fed officials discussing policy post-meeting, as markets continue to digest the recent 25 bps rate hike. Meanwhile, the U.S. 10-Year Treasury yield climbed over 5 bps to 5.00%, challenging 19-year highs not seen since 2007. The entire yield curve moved higher in unison, with the six-month window up over 3 bps and the back end rising 4 bps, reflecting a broad market reaction to the potential for further tightening. Learn more about trading futures and options at CME Group: https://www.cmegroup.com/markets/interest-rates.html #Treasuries #InterestRates #Futures